Raymond James hires two financial advisers from Merrill Lynch

Thu Feb 27, 2014 1:44pm EST

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(Reuters) - Raymond James Financial Inc's wealth management unit said on Thursday it hired two veteran advisers from Merrill Lynch.

Thomas Dedrick and Pam Franklin will join Raymond James & Associates Inc's Tuscaloosa, Alabama office. They managed more than $162 million in client assets at Merrill Lynch and had fees and commissions in excess of $1 million.

Dedrick and Franklin have more than 35 years of investment experience between them.

Merrill Lynch could not be reached for comment.

(Reporting By Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)

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